Losers blame Mr T. The demo blame MrT...traders blame MR T ...news media blames Mr T...mr T this Mr T that...Mr T wife this or that.....Mr T kids....the man can do nothing right. What a bunch of whiners and losers....
A message to some day traders.
- Thread starter Amahrix
- Start date
It is very much superior and can certainly be much more profitable. Fees are min...slippage next to nothing...churn...I don’t churn ...cause there is no noise. Energy? It is fun...
Time? ..I can make several grand in one hour. Is that wasted time? Go camping in motorhome..fishing...repeat the next day.
Can trade while sugar plum is racing down interstate....can make money while traveling.
I ain’t gotta research and study fundamentals of multiple stocks like long-term traders have to do with their time to see if it is a good investment...
But I guess to each their own. Every man floats or sinks their own boat...
Hilarious!
I start my day with quick muesli brekky, then cafe, read newspaper, get home a couple hours after market's opened, switch on algo, look for anything promising, if not the just keep monitoring and potter in garage or garden. If something pops up, maybe 10 - 15 minute research on any unfamiliar stocks, place trade which is discretionary, ie weigh up pros & cons of taking the trade.
Guys, i see here a lot of people praising or condemning day trading. I believe that the only successful one is done by using better data. Long time ago there was the famous stock tape, after, when the charts were introduces, the novelty was not accepted as people were still using fundamentals. After the banks started using in a successful way the charts, and after that technology became more affordable, traders started also to subscribe to them and now everyone uses them on a daily basis. Same i believe will happen with Level 2 Data, the Market Depth. Until now only big institutions had access to neural networks, making a sense of that data whilst we only had flashing numbers of the current state of the market, with no option to display historical data. I am sure that when we will have that type of graphs and information that trading will not be so random as so many people say. I think that the fact that proves that is the difference in using the tape and using the charts to make a trade. What do you think about it?
I have seen many day traders becoming stressed when things don’t happen accordance to their plan or their strategies don’t give them the expected gains. I believe experienced people also faced these situations at the early stage. Let’s be real, trading is a real job, it never do you any good if you take it lightly. It requires skills, endless learning and passion, you have to take it as a career. If you think you can keep on the real track, you will fit in to day trade.
strange ....
Why people think Day trading is very easy?
Why do they think they just need a black box which will tell you when to buy or sell
and just click click click and tons of $$$ will fall from the sky?
And why do they think these professions are very difficult ?
heart surgeon
banker earning $1m / year
olympics gold medalist
CEO of MMC earning $1m / year
To be day trader requires certain skills, competencies, knowledge, expertise,
mind management and PASSION.
Why people think Day trading is very easy?
Why do they think they just need a black box which will tell you when to buy or sell
and just click click click and tons of $$$ will fall from the sky?
And why do they think these professions are very difficult ?
heart surgeon
banker earning $1m / year
olympics gold medalist
CEO of MMC earning $1m / year
To be day trader requires certain skills, competencies, knowledge, expertise,
mind management and PASSION.